Analysis Article • May 17
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Indian (NIFTY) Electronic Equipment and Instruments Industry Analysis
UpdatedMay 21, 2026
DataAggregated Company Financials
Companies20
- 7D0.7%
- 3M18.9%
- 1Y-12.7%
- YTDn/a
The Electronic Equipment and Instruments is pretty flat in the last 7 days, but Honeywell Automation India has stood out, gaining 22%. Unfortunately though, the industry is down 13% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Indian Electronic Equipment and Instruments Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | ₹708.7b | ₹158.7b | ₹16.7b | 32.9x | 42.5x | 4.5x |
| Sat, 18 Apr 2026 | ₹705.6b | ₹151.5b | ₹16.1b | 26.2x | 43.9x | 4.7x |
| Mon, 16 Mar 2026 | ₹583.4b | ₹156.2b | ₹16.3b | 21.8x | 35.8x | 3.7x |
| Wed, 11 Feb 2026 | ₹616.8b | ₹153.0b | ₹15.8b | 24.7x | 39x | 4x |
| Fri, 09 Jan 2026 | ₹599.0b | ₹144.0b | ₹14.7b | 24.8x | 40.7x | 4.2x |
| Sun, 07 Dec 2025 | ₹630.6b | ₹144.0b | ₹14.7b | 25.9x | 42.8x | 4.4x |
| Tue, 04 Nov 2025 | ₹643.0b | ₹133.2b | ₹15.5b | 33x | 41.5x | 4.8x |
| Thu, 02 Oct 2025 | ₹623.0b | ₹131.6b | ₹15.4b | 33.1x | 40.5x | 4.7x |
| Sat, 30 Aug 2025 | ₹641.7b | ₹131.6b | ₹15.4b | 32x | 41.7x | 4.9x |
| Mon, 28 Jul 2025 | ₹505.8b | ₹91.5b | ₹10.8b | 38.3x | 46.9x | 5.5x |
| Wed, 25 Jun 2025 | ₹502.3b | ₹91.6b | ₹10.8b | 38.7x | 46.3x | 5.5x |
| Fri, 23 May 2025 | ₹475.2b | ₹84.1b | ₹8.6b | 55x | 55x | 5.7x |
| Sun, 20 Apr 2025 | ₹433.9b | ₹82.5b | ₹8.7b | 44.4x | 49.8x | 5.3x |
| Tue, 18 Mar 2025 | ₹409.1b | ₹82.5b | ₹8.7b | 41.9x | 47x | 5x |
| Thu, 13 Feb 2025 | ₹573.9b | ₹87.7b | ₹10.5b | 54x | 54.7x | 6.5x |
| Sat, 11 Jan 2025 | ₹758.2b | ₹83.7b | ₹10.0b | 68.6x | 76.2x | 9.1x |
| Mon, 09 Dec 2024 | ₹714.6b | ₹83.7b | ₹10.0b | 73x | 71.8x | 8.5x |
| Wed, 06 Nov 2024 | ₹739.7b | ₹81.0b | ₹9.9b | 75.3x | 75x | 9.1x |
| Fri, 04 Oct 2024 | ₹747.8b | ₹77.6b | ₹9.1b | 80.3x | 82x | 9.6x |
| Sun, 01 Sep 2024 | ₹786.6b | ₹76.2b | ₹9.0b | 62.2x | 87x | 10.3x |
| Tue, 30 Jul 2024 | ₹775.9b | ₹75.7b | ₹8.8b | 63.6x | 88.5x | 10.3x |
| Thu, 27 Jun 2024 | ₹747.7b | ₹71.0b | ₹8.1b | 78.5x | 92.5x | 10.5x |
| Sat, 25 May 2024 | ₹684.2b | ₹68.4b | ₹12.2b | 45.7x | 56.1x | 10x |
| Mon, 22 Apr 2024 | ₹609.8b | ₹66.7b | ₹11.7b | 40.7x | 52.1x | 9.1x |
| Wed, 20 Mar 2024 | ₹525.9b | ₹66.7b | ₹11.7b | 38.5x | 44.9x | 7.9x |
| Fri, 16 Feb 2024 | ₹545.3b | ₹66.7b | ₹11.7b | 38.4x | 46.5x | 8.2x |
| Sun, 14 Jan 2024 | ₹508.2b | ₹64.6b | ₹11.6b | 44.4x | 43.8x | 7.9x |
| Tue, 12 Dec 2023 | ₹489.1b | ₹64.6b | ₹11.6b | 42.7x | 42.1x | 7.6x |
| Thu, 09 Nov 2023 | ₹500.4b | ₹59.9b | ₹10.8b | 38.9x | 46.3x | 8.4x |
| Sat, 07 Oct 2023 | ₹514.0b | ₹59.4b | ₹10.7b | 38.7x | 47.9x | 8.7x |
| Mon, 04 Sep 2023 | ₹506.4b | ₹52.4b | ₹10.4b | 57.2x | 48.5x | 9.7x |
| Wed, 02 Aug 2023 | ₹499.1b | ₹50.0b | ₹9.8b | 28.8x | 50.8x | 10x |
| Fri, 30 Jun 2023 | ₹452.9b | ₹49.8b | ₹9.8b | 31x | 46.2x | 9.1x |
| Sun, 28 May 2023 | ₹419.8b | ₹49.4b | ₹5.7b | 31.7x | 73.8x | 8.5x |
Price to Earnings Ratio
73.8x
Current Industry PE
- Investors are pessimistic on the Indian Electronic Equipment and Instruments industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 42.5x which is lower than its 3-year average PE of 54.0x.
- The 3-year average PS ratio of 7.2x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Electronic Equipment and Instruments industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 48% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Electronic Equipment and Instruments compare with similar industries?
| IN Market | 0.53% | |
| Tech | 2.70% | |
| Electronic Equipment and Components | -3.31% | |
| Electronic Equipment and Instruments | 0.74% | |
| Technology Distributors | 4.06% | |
| Electronic Components | -1.51% | |
| Electronic Manufacturing Services | -9.00% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 517174 Honeywell Automation India | ₹34.90k | 21.6% +₹54.7b | -6.0% | PE61.1x | |
| 530343 Genus Power Infrastructures | ₹313.00 | 1.7% +₹1.5b | -9.6% | PE14.6x | |
| RISHABH Rishabh Instruments | ₹517.20 | 5.9% +₹1.1b | 78.5% | PE24.5x | |
| 517096 Aplab | ₹117.77 | 2.7% +₹76.7m | 68.2% | PE28.8x | |
| E2ERAIL E to E Transportation Infrastructure | ₹273.75 | 1.3% +₹61.3m | n/a | PE32.9x |